Until we know what’s going on I’m inclined to give the benefit of the doubt and wait... I accumulated on the last quarterlies, and now feel pretty stupid if I’ve missed something.
I thought the stockpile write down (due I think to drawdown during commissioning of the ore softer) was accounted for in the cost of sales table summary for Renison. You will see a positive per tonne item in relation to inventory, compared to the DEC 17 negative number. All this is captured in the per tonne all inclusive costs (which apparently does not mean what it says) and this number is in line with the quarterlies.
in any event, a $10 million write down all in relation to the tin stockpile would only go 2/3 of the way to explaining a $15 million difference between the quarterlies and half yearly
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Until we know what’s going on I’m inclined to give the benefit...
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